Eastern Platinum receives petition over Union Goal deal
EASTERN PLATINUM Ltd. has received a petition filed with the Supreme Court of British Columbia by 2538520 Ontario Ltd., a shareholder of the company, seeking leave from the court to commence a derivative action on behalf of the company against certain of its current and former directors in relation to the approval of the transactions between the company and Union Goal Offshore Solutions Ltd. (See news release of March 5, 2018.) The board of the company has formed a special committee of three non-management directors to review the petition and make a recommendation on the appropriate action.
We seek Safe Harbor.
Michael Cosic, Nigel K Dentoom, George Graham Dorin, Xin Guan, Diana Hu, Bielin Shi
(ELR) Shares: 92,639,032